Karma3 Labs founder Sahil Dewan, the company behind OpenRank, announced that after 3.5 years of operation, the company will gradually shut down and return remaining funds to investors. The team will open-source the built code, protocols, documentation, and summarized experiences, with the related GitHub repositories permanently archived and publicly accessible. OpenRank has generated reputation scores for over 10 million on-chain users, supported integrations with more than 50 DeFi, L1, L2, wallets, launchpads, and social networks, and facilitated the distribution of over $50 million in incentives. The team stated that while they validated that on-chain reputation signals can influence capital flows and user behavior, they were unable to find a sustainable compounding growth business model. https://(wublock123.com)/news/karma3-labs-shuts-openrank-returns-funds-opensource-code-62862